Silicon Motion Technology Gains On Report Of Potential Sale

Silicon Motion Technology Corp. (SIMO) shares are climbing more than 7 percent on Monday morning trade after Bloomberg reported that Silicon is exploring a potential sale. The shares have been showing a positive trend since April 1.

Silicon Motion gained nearly 10 percent at the opening and is currently at $83.13, up 7.84 percent from the previous close of 863,591. For the 52-week period, the shares have traded in a range of $58.86 to $96.89 on average volume of 563,193.

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